Lifetime Brands (LCUT) Posts Earnings Results, Misses Expectations By $0.22 EPS

Lifetime Brands (NASDAQ:LCUT) announced its quarterly earnings results on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.22), MarketWatch Earnings reports. The firm had revenue of $228.27 million for the quarter. Lifetime Brands had a positive return on equity of 0.52% and a negative net margin of 1.59%.

Shares of NASDAQ LCUT traded up $0.02 during midday trading on Friday, reaching $9.32. 89,540 shares of the stock were exchanged, compared to its average volume of 16,280. Lifetime Brands has a twelve month low of $8.01 and a twelve month high of $14.62. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.09 and a quick ratio of 1.38. The company has a market capitalization of $188.10 million, a P/E ratio of 100.67 and a beta of 0.99.

A number of brokerages have recently issued reports on LCUT. BidaskClub upgraded shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, December 7th. ValuEngine downgraded shares of Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, February 4th.



A number of institutional investors have recently bought and sold shares of LCUT. Northern Trust Corp increased its holdings in Lifetime Brands by 20.0% in the 2nd quarter. Northern Trust Corp now owns 149,815 shares of the company’s stock valued at $1,896,000 after purchasing an additional 24,996 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Lifetime Brands by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,209,337 shares of the company’s stock valued at $13,182,000 after purchasing an additional 19,651 shares during the last quarter. Bridgeway Capital Management Inc. increased its holdings in Lifetime Brands by 22.3% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 187,299 shares of the company’s stock valued at $2,042,000 after purchasing an additional 34,200 shares during the last quarter. Teton Advisors Inc. increased its holdings in Lifetime Brands by 13.6% in the 4th quarter. Teton Advisors Inc. now owns 160,697 shares of the company’s stock valued at $1,612,000 after purchasing an additional 19,246 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Lifetime Brands by 43.0% in the 4th quarter. Rhumbline Advisers now owns 16,975 shares of the company’s stock valued at $170,000 after purchasing an additional 5,104 shares during the last quarter. Hedge funds and other institutional investors own 46.91% of the company’s stock.

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Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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Earnings History for Lifetime Brands (NASDAQ:LCUT)

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